Cost to Run a Induction Cooktop in New Mexico
New Mexico's average residential electricity rate is 16.1¢/kWh as of July 2026 — the 26th cheapest in the country, 12% below the U.S. average. At typical usage (1 hour/day), a induction cooktop here costs $6.85 per month.
Per hour
$0.23
at 1,200–1,800 W
Per day
$0.23
1 hour/day
Per month
$6.85
43 kWh
Per year
$82.27
511 kWh
By usage level in New Mexico
| Usage | Per day | Per month | Per year |
|---|---|---|---|
| Light (0.5 hrs/day) | $0.11 | $3.43 | $41.14 |
| Typical (1 hrs/day) | $0.23 | $6.85 | $82.27 |
| Heavy (2 hrs/day) | $0.45 | $13.70 | $165 |
New Mexico vs. the rest of the country
Monthly cost at typical usage.
Frequently asked questions
How much does it cost to run a induction cooktop in New Mexico?
At New Mexico's current average residential rate of 16.1¢/kWh (July 2026), a induction cooktop with typical usage costs about $0.23 per day, $6.85 per month, or $82.27 per year.
Is running a induction cooktop in New Mexico more expensive than average?
No — it's cheaper. New Mexico's rate is about 12% below the U.S. average: $6.85 per month here versus $7.79 nationally.
What does electricity cost in New Mexico right now?
New Mexico residents pay an average of 16.1¢ per kWh as of July 2026 — the 26th cheapest rate of the 51 U.S. jurisdictions we track.